Union Pacific (UP) reported Jan. 21 that it earned $1.38 billion, or $2.05 per diluted share, in fourth-quarter 2020—comparable to fourth-quarter 2019’s $1.4 billion, or $2.02 per diluted share. Excluding a previously announced $278 million pre-tax, non-cash impairment charge related to its Brazos yard investment, adjusted fourth-quarter 2020 income was $1.6 billion, or $2.36 per diluted share.
Perseverance is a virtue, and 2020 required all the perseverance one could muster. The pandemic, the disruption of the workplace and of ordinary commerce, trade disputes, our unsettled politics—all contributed to a year that affected every American citizen and business.
BNSF has set a $2.99 billion capital plan for 2021, with the largest portion going toward maintaining the core network and related assets, the railroad reported Jan. 20. The 2020 plan, at $3.08 billion, followed a similar strategy.
Massachusetts’ $16.5 billion transportation bond bill, recently signed into law by Gov. Charlie Baker, will support rail, bus and roadway improvement initiatives. The new law earmarks funds for the South Coast Rail, Green Line Extension and East-West rail projects, among others.
Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
Minnesota’s Metropolitan Council (Met Council) and Hennepin County report that the Southwest LRT project in Minneapolis-St. Paul will not open on schedule in 2023.
New York Gov. Andrew M. Cuomo has proposed $306 billion in infrastructure improvements as part of his 2021 agenda.
Seattle’s Sound Transit has awarded a multi-year, $24 million contract for rail grinding, polishing and engineering inspection services to Advanced Rail Management Corp. (ARM). The contract includes corrugation measurement and track geometry, ultrasonic and eddy current testing as part of the inspection and quality assurance requirements.
The University of Delaware (UD) is accepting applications for its Graduate Certificate in Railroad Engineering program, 2021-22 academic year. Professionals and engineering graduates may enroll; GREs (Graduate Record Examinations) are not required.
Five commuter rail agencies will receive a total of $40.26 million in grants for highway/rail grade crossing improvements from the Federal Highway Administration (FHWA), in coordination with the Federal Railroad Administration (FRA) and Federal Transit Administration (FTA). The awards are part of round one of the Commuter Authority Rail Safety Improvement (CARSI) Grants Program.